Archived News

Members of the Ghana Small Scale Oil Palm Producers Association (GSSOPPA) have appealed to government to extend their contract with the State for the supply of palm oil to Senior High Schools (SHS) under the free SHS policy.

Kuala Lumpur: Italy is keen to ink a free-trade agreement (FTA) with Malaysia to boost bilateral trade between the two countries, its Secretary of State International of Trade and Investment Attraction, Ivan Scalfarotto said.

Concerned over crash in prices of some oilseeds and pulses, a group of ministers headed by Union minister Nitin Gadkari today discussed regulating imports of sunflower oil, groundnut oil and yellow dals to ensure local prices remain above the MSP level.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 1.

Some of the world’s biggest palm oil players will meet in Indonesia this week and just like two years ago, the weather will be a hot topic. But instead of the scorch of El Nino, this year the focus is on La Nina.

“Based on the newly available data, the acquisition price translates to an enterprise value of RM75,012 per ha, which is 16% higher than our earlier estimates,” Maybank Investment Bank Research (Maybank IB) told clients.

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday after four straight sessions of gains on weakness in related edible oils, while shipment data from cargo surveyors did little to support the market.

FGV has appointed Datuk Dr Salmiah Ahmad and Dr Mohamed Nazeeb P. Alithambi as independent non-executive directors on its board.

The European Union (EU) should show its commitment to working with Malaysia to ensure sustainable production of palm oil by recognising the Malaysian Sustainable Palm Oil (MSPO) standard, said Datuk Seri Mah Siew Keong.

Nine-month investigation by NGOs illustrates a tropical rainforest’s degradation

Soyabean oil prices fell by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to slackened demand from retailers.

In a statement, FGV chairman Datuk Wira Azhar Abdul Hamid said the company was confident the appointments would further strengthen the board’s composition.